Digilogic Systems Ltd Files Appeal Against ROC Adjudication Orders Over Procedural Lapses
Digilogic Systems Ltd (formerly Digilogic Systems Private Limited) has confirmed that it is challenging Adjudication Orders issued by the Registrar of Companies (ROC), Hyderabad. The orders concern alleged defaults under Section 42 of the Companies Act, 2013, stemming from procedural lapses related to private placements.The company received the Adjudication Orders on April 22, 2026. Digilogic Systems Ltd has reviewed these orders and has subsequently filed an appeal before the Regional Director to challenge the penalties imposed.
The defaults relate to three private placements executed by the company during the financial year 2024-25. The company had previously filed Adjudication Applications before the ROC, Hyderabad, regarding these procedural lapses.
Penalty Details Imposed by ROC
The Registrar of Companies, Telangana, Hyderabad, passed three separate Adjudication Orders specifying the penalties. These orders imposed fines on both the company and its officers in default (Executive Directors).| Order ID | Penalty Details | Penalty Amount |
|---|---|---|
| PO/ADJ/04-2026/HD/02039 | Company and officers in default (Executive Directors) | Rs. 2 crores on Company; Rs. 2 crores each on officers |
| PO/ADJ/04-2026/HD/02038 | Company and officers in default (Executive Directors) | Rs. 2 crores on Company; Rs. 2 crores each on officers |
| PO/ADJ/04-2026/HD/02037 | Company and officers in default (Executive Directors) | Rs. 73.44 Lakhs on Company; Rs. 73.44 Lakhs each on officers |
As of April 23, 2026, the company stated that there is no immediate financial impact on its operations because it has initiated the appeal process before the Regional Director. Furthermore, the company noted that there is no material impact on its ongoing operations or other activities.
Stock Price Movement
Today, shares of Digilogic Systems Ltd closed at ₹94.95, slipping 0.58% for the session. The stock spent the trading day oscillating, hitting an intraday high of ₹96.00 before finding its low at ₹93.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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